What is the importance of producers in an economy.
DONT SPAM GIVE CORRECT ANSWER
Answers
Answer:
- The main problems, are what to produce, how to produce and for whom to produce.
Answer:
Producers play a very important role in maintaining an economy.
1. Producers make the goods/provide with services that are sold/provided to the consumers.
2. They also act as an employer for people who are willing to make/design products or provide services.
3. The producers make efficient use of resources so as to increse the feasibility of their products, aiding the economy...
4. The export earnings of a country would depend upon the number of producers involved in the production of exportable goods. Hence earning from this field is possible only due to the presence of producers.
》Producers are as vital as consumers. The producers work on the demands as put forth by the consumers. Both keep the demand and supply system in check.
》They may form businesses, or are hired by the government, or simply individuals.
Hopefully, this helps...
ana205